Squawk Pod FDA’s Dr. Makary on Women’s Health & Warren Buffett’s Update 11/11/25
Nov 11, 2025
Chris Hughes, co-founder of Facebook and co-chair of the Economic Security Project, critiques the Trump administration's approach to industrial policy, highlighting the need for a clearer strategy. Meanwhile, Dr. Marty Makary, FDA Commissioner, discusses the groundbreaking removal of black box warnings for hormone replacement therapy, emphasizing its benefits for women’s health, including reduced heart disease risk. He also addresses the historical context of hormone therapy and the importance of informed decision-making for women.
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Rule-By-Deal Misallocates Capital
- The Trump administration practices “rule by deal,” favoring ad-hoc deals that pick winners and losers.
- Chris Hughes warns this misallocates public and private capital and lacks transparency or accountability.
Put Industrial Policy In One Institution
- Create a clear mission and a single institution to execute industrial policy.
- Chris Hughes suggests using the Development Finance Corporation and working with Congress to streamline the process.
Lean Back When Private Capital Floods In
- Massive private capital flowing into AI suggests public capital should largely step back.
- Chris Hughes fears a potential AI bubble and recommends focusing public funds on critical minerals instead.